Summary

• Launched in 2017, Trust Wallet is a non-custodial cryptocurrency wallet. As a Web3 wallet, Trust Wallet provides users with access to various blockchains, digital assets, and decentralized applications (DApps).

• Trust Wallet is available as a mobile app (for iOS and Android users) and as a browser plug-in for Chrome, Brave, Opera and Edge.

• Trust Wallet has launched its own governance token, TWT, which gives holders the right to vote on key governance decisions. Trust Wallet is the decentralized wallet officially produced by Binance. This product is safe, reliable and trustworthy, making it an ideal choice for users.

Introduction

With the increasing popularity of cryptocurrencies and decentralized applications (DApps), finding a safe, reliable and easy-to-operate access tool has become the focus of users. Whether you are interested in investments, payments or DApps, using different solutions for different activities can be inconvenient.

Therefore, Trust Wallet emerged as an all-in-one tool to solve the problem. As part of the Binance ecosystem, Trust Wallet deserves the trust of Binance users. It is also one of the most popular cryptocurrency wallets with over 70 million users.

What is a Trust Wallet?

Trust Wallet is a non-custodial wallet, which means that users are responsible for holding and managing their mnemonic phrases and private keys. As a multi-chain cryptocurrency wallet, Trust Wallet provides users with a portal to access multiple networks, meaning users can easily explore various Web3 platforms and DApps without switching applications.

Trust Wallet is a product launched by Viktor Radchenko in November 2017. Once it came out, it immediately attracted a huge user group. In 2018, Binance acquired Trust Wallet. In early 2021, former Binance Vice President of Marketing Eowyn Chen took over as Trust Wallet’s CEO.

Trust Wallet is an open source decentralized cryptocurrency wallet that is safe, reliable and trustworthy. Users can use it to access via mobile phone or browser:

• Millions of tokens based on Ethereum and compatible with the Ethereum Virtual Machine (EVM);

• More than 100 blockchain networks;

• More than 10 million assets, including Bitcoin (BTC), Ethereum (ETH), BNB, and Tether (USDT);

• More than 600 million NFTs.

What are the uses of Trust Wallet?

Trust Wallet supports more than 70 blockchains, including Bitcoin, Ethereum, BNB Smart Chain, Solana, etc. In addition to buying, storing, and transferring crypto assets, you can use Trust Wallet to exchange tokens, play games, earn rewards, and explore the non-fungible token (NFT) space. Another key feature of Trust Wallet is the built-in DApp browser for mobile App users.

Trust Wallet DApp Browser

Trust Wallet mobile App has a built-in Web3 DApp browser. With this browser, you can access and interact with various DApps and DeFi platforms without leaving the Trust Wallet App. You can use various DApps including OpenSea, PancakeSwap, 1inch and Uniswap.

pledge

Trust Wallet offers a variety of staking solutions, covering tokens such as BNB, Polkadot (DOT), and Cosmos (ATOM). The actual income depends on the validators and staking opportunities at the time, and more new opportunities will be added gradually.

Exchange and trading

Users can use the Trust Wallet App to exchange tokens. Trust Wallet offers millions of cryptocurrency trading pairs available for trading. You can easily exchange your tokens, and Trust Wallet does not charge any fees. But please note that you need to pay fees to third-party liquidity providers such as 1inch and Uniswap. Trust Wallet automatically selects the provider offering the best exchange rate.

Buy cryptocurrency

Trust Wallet has partnered with a number of quick currency purchase providers to allow users to purchase cryptocurrencies using fiat currency. You can buy cryptocurrencies directly in the Trust Wallet App. It is worth noting that holding Trust Wallet Tokens (TWT) in your wallet can enjoy discounted handling fees.

Where to download Trust Wallet?

Trust Wallet is available as a mobile app (for iOS and Android users) and desktop browser plug-in. Click the download link on the Trust Wallet official website to download the installation package. When downloading a cryptocurrency wallet or cryptocurrency trading platform app, be sure to choose the official website.

How do I set up a Trust Wallet and link it to the BSC?

After downloading and installing Trust Wallet, you will see all the necessary setup instructions. The setup process is very simple and can be completed in under a minute. For a tutorial on how to set up a Trust Wallet and connect it to BSC, please see the following guide: "Associating a Trust Wallet in BNB Smart Chain (BSC)".

What is Trust Wallet Token (TWT)?

Trust Wallet Token (TWT) is a governance token that allows users to truly participate in the decision-making of the wallet. TWT holders have the right to vote and make suggestions for in-App features, updates, and other key changes. The maximum supply of TWT tokens is 1 billion, which exist in the form of BEP-20 tokens and BEP-2 tokens in the BNB Smart Chain (BSC) and BNB Beacon Chain respectively.

TWT holders can also enjoy certain discounts when using DEX services and purchasing cryptocurrencies. You can buy Trust Wallet tokens on Binance or earn tokens through marketing events, giveaways, and airdrops organized by the Trust Wallet team.

Is Trust Wallet safe to use?

Yes. As part of the Binance ecosystem, Trust Wallet uses the highest quality security protocols and has been independently audited by leading industry auditors such as CertiK, Halborn and Kudelski Security.

Trust Wallet does not track any personal information such as balances or IP addresses. Additionally, users have full control over their private keys and mnemonic phrases. Trust Wallet also provides built-in risk monitoring tools to alert users and protect their assets from potential fraud or risky transactions.

However, users must consider the risks of holding the keys themselves. If your mnemonic phrase is lost or stolen, you may be at risk of losing your funds. You should also remain vigilant when exploring the DeFi and Web3 space. Linking Trust Wallet to malicious websites may also lead to hacker attacks, resulting in financial losses. Make sure you only interact with reputable platforms and be sure to double-check URLs to avoid falling victim to phishing scams.

Conclusion

Trust Wallet offers versatile products for users who hold tokens, interact with decentralized finance (DeFi) DApps, and even wish to purchase cryptocurrencies. Most crypto-based businesses rely on simple, one-stop solutions, and Trust Wallet is ideal.

Further reading

• Connect Trust Wallet wallet in BNB Smart Chain (BSC)

• How to link MetaMask wallet to BNB Smart Chain

• BscScan concept and usage analysis

Disclaimer: The content of this article is provided "as is" for general information and educational purposes only and does not constitute any representation or warranty. This article does not constitute financial, legal or other professional advice and is not intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisers. If this article was contributed by a third party, please note that the views expressed in this article belong to the third-party contributor and do not necessarily reflect the views of Binance Academy. For more information, please click here to read the full disclaimer. Digital asset prices may fluctuate. The value of your investment may fall as well as rise and you may not get back the principal invested. You are solely responsible for your own investment decisions and Binance Academy is not responsible for any losses you may suffer. This article does not constitute financial, legal or other professional advice. For more information, please see our Terms of Use and Risk Warning.